At a Glance
Average Property Price - HX7
£284,569
38
National percentile
Average Monthly Rent - HX
£737
16
National percentile
Average Net Household Income - HX7
£39,891
58
National percentile
Flat / Maisonette Yield - HX
4.9%
21
National percentile
10-Year Annualised Price Growth - HX7
3.9%
61
National percentile
10-Year Annualised Rent Growth - HX
3.5%
30
National percentile
Property Price & Volume Trends
The latest average property price in HX7 is £285,000, placing it below the national average. Over the past decade, prices have grown at 3.9% per year—a pace broadly in line with the UK average. Transaction activity has been relatively stable, with 226 sales in the latest year against a 10-year average of 238, indicating steady but unremarkable demand.
Rent & Yield Trends
Average monthly rent stands at £737, well below the national average, reflecting the area's more affordable cost of living. Rental growth over the past decade has been modest at 3.5% per year, slightly below the national trend. The flat yield has improved to 4.9% from a 10-year average of 4.4%, suggesting that investor returns have strengthened in recent years.
Income & Affordability Trends
Net household income in HX7 averages £39,891, placing the area slightly above the national midpoint. The current price-to-income ratio of 6.7x has risen from 6.4x in 2016, meaning properties have become modestly less affordable relative to local earnings. Rental affordability has improved considerably: the rent-to-income ratio has fallen from 22.2% to 20.5% over the same period, easing pressure on tenant budgets.
Resident Demographic Profile
The population is notably older than the national average, with over a quarter aged 50–64 and 21.6% aged 65 or over, compared to the national average of 19.6%. Young adults aged 16–24 are significantly underrepresented at just 7.1%. Housing is dominated by outright ownership at 42.5%, substantially above the national average of 33.7%. The employment profile is skewed towards professionals (29.3%) and technical roles (16.9%), well above national averages, whilst sales and elementary occupations are considerably underrepresented.